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Winter 2012 Market Update
There are 125 active homes on the market in Prairie Village right now (up to 4.9M), 119 are active under 800k. Average price $336,138 with an average DOM of 78 (with the 800k+) included. There are 7 homes on the market that are listed above 8 over 1 million. This skews the average listing price. If I remove the two million plus homes... we get an average listing $253,187 and the days on market goes down to 74.62. Homes are pending to be sold with a high listing price of 800k and months with 65 of them being sold in the last three months. This means the market was consistant over the slow period of the 45 contract were written in the last 30 days. With 125 homes being active and 45 contracts written (gone pending/ contingent or sold) we have a 2.77 month supplu of homes on the market! I believe zpv to be one of the BEST local in Johnston County! Total sold: 144 High list: $789,000 High sale: $780,000 High DOM: 382 %SP/LP: 96 Low list: $94,900 Low DOM:10 %SP/OLP: 93 average List: $229,341 Average sale: $220,460 average DOM: 63
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| Average Home Price | $250,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 5-10% |
| Average Time on Market | 60-90 days |
| Prices As % of Asking Price | 95-100% |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Multiple Offers? | No |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Job Growth |
| Average Sold Price | $250,000 - View Graph Trend |
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Shannon Doser
Keller Williams Legacy Partners, Inc
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